Cautious Expected Utility and the Certainty Effect
From MaRDI portal
Publication:4614274
DOI10.3982/ECTA11733zbMath1419.91286MaRDI QIDQ4614274
David Dillenberger, Pietro Ortoleva, Simone Cerreia-Vioglio
Publication date: 30 January 2019
Published in: Econometrica (Search for Journal in Brave)
incomplete preferencesAllais paradoxmulti-utility representationpreferences under risknegative certainty independencecautious completion
Related Items (31)
Choice deferral, indecisiveness and preference for flexibility ⋮ Preference Robust Modified Optimized Certainty Equivalent ⋮ Skewed noise ⋮ Exact Solutions and Approximations for Optimal Investment Strategies and Indifference Prices ⋮ Multiple-switching behavior in choice-list elicitation of risk preference ⋮ The two faces of independence: betweenness and homotheticity ⋮ Preference robust state-dependent distortion risk measure on act space and its application in optimal decision making ⋮ Revealing a preference for mixtures: An experimental study of risk ⋮ Multiple tastes and beliefs with an infinite prize space ⋮ Adaptive risk assessments ⋮ Cautious stochastic choice, optimal stopping and deliberate randomization ⋮ Robust return risk measures ⋮ The Pareto Comparisons of a Group of Exponential Discounters ⋮ Optimal similarity judgments in intertemporal choice (and beyond) ⋮ Randomised rules for stopping problems ⋮ Eliciting risk preferences using choice lists ⋮ Focus theory of choice and its application to resolving the St. Petersburg, Allais, and Ellsberg paradoxes and other anomalies ⋮ Recursive non-expected utility: connecting ambiguity attitudes to risk preferences and the level of ambiguity ⋮ New Jensen-type inequalities and their applications ⋮ A second-generation disappointment aversion theory of decision making under risk ⋮ Risk attitudes in axiomatic decision theory: a conceptual perspective ⋮ Expected utility and catastrophic risk in a stochastic economy-climate model ⋮ Asymmetric gain-loss reference dependence and attitudes toward uncertainty ⋮ Contextual deliberation and the choice-valuation preference reversal ⋮ Savage for dummies and experts ⋮ Propensity for hedging and ambiguity aversion ⋮ Ambiguity under growing awareness ⋮ A general theory of subjective mixtures ⋮ Uncertainty and compound lotteries: calibration ⋮ Incomplete preferences, willingness to pay, and willingness to accept ⋮ On the representation of incomplete preferences under uncertainty with indecisiveness in tastes and beliefs
This page was built for publication: Cautious Expected Utility and the Certainty Effect
